Intergenerational Succession on Israeli Family Farms

Ayal Kimhi and Noga Nachlieli

Journal of Agricultural Economics, 2001, vol. 52, issue 2, 42-58

Abstract: Using a binary‐choice analysis, we study the likelihood of intra family intergenerational succession on Israeli family farms. This provides policy‐relevant information on the long‐run survival probabilities of these farms in a period of increased vulnerability of family farms. We compare two definitions of succession, one based on an official declaration of a succeeding child, and another which is more operational, based on the existence of an adult child who works on the farm alongside the parents. We also validate the probit results by comparing them to those of a more robust semi‐nonparametric method. We identify a number of family and farm attributes whose effects are statistically significant and consistent with economic theory based on the notion of an economic surplus resulting from intra‐family succession and on the notion of bargaining between the generations.

Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (45)

Downloads: (external link)
https://doi.org/10.1111/j.1477-9552.2001.tb00924.x

Related works:
Working Paper: INTERGENERATIONAL SUCCESSION IN ISRAELI FAMILY FARMS (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jageco:v:52:y:2001:i:2:p:42-58

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0021-857X

Access Statistics for this article

Journal of Agricultural Economics is currently edited by David Harvey

More articles in Journal of Agricultural Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().